MONACO are ready to demand £80m from Chelsea for Colombian striker Radamel Falcao but would also accept Fernando Torres or Demba Ba in part-exchange.

Reports in France that Chelsea's interest in Falcao has intensified in recent days with Roman Abramovich set to sit down for talks with Monaco owner Dmitri Rybolovlev to discuss a deal.

While both Falcao and Monaco sporting director Vadim Vasilyev insist the 27-year-old is happy in the Principality, Rybolovlev privately accepts that every player has his price particularly with the FIFA Financial Fair Play regulations set to bite increasingly hard.

And in the case of Falcao that price is £80m - £30m more than he cost Monaco to buy from Atletico Madrid just last summer.

Monaco would take Fernando Torres is part-exchange [GETTY]

Monaco want £80m for Radamel Falcao

Whilst that fee would seem to preclude Chelsea from making a move in January, French magazine Le10Sport suggest that Monaco would also be willing to accept Torres or Ba in part-exchange.

Torres famously cost Chelsea £50m when he signed from Liverpool in January 2011 but is unlikely to be worth a similar amount to Monaco three years on.

Ba cost just £7m from Newcastle in January last season but may hold greater appeal that in terms of a discount for Falcao.

Chelsea also still face competition from Real Madrid, who remain keen to bring Falcao back to Spain after his success at Atletico.